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A firm with sales of $1,000,000, net profits after taxes at $60,000, total ansats of $1,500,000, and to liabilities of $750,000 has a return on

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A firm with sales of $1,000,000, net profits after taxes at $60,000, total ansats of $1,500,000, and to liabilities of $750,000 has a return on equity of Select one: a. 15 percent. b. 20 percent c. 4 percent. O d. 8 percent. e. None of the above

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